Nibe Ordnance and Maritime Ltd — Important, 11-02-2026: Company Update

Nibe Ordnance and Maritime Limited's Board of Directors has enacted significant leadership changes. Mr. Ravi Kant, boasting over three decades of experience in ordnance production, including serving as the first Chairman & MD of Munitions India Limited, has been appointed as an Additional Director (Executive Director) for a three-year term, subject to shareholder approval. Concurrently, Mr. Mahesh Panwar has resigned from his position as Whole-time Director due to personal reasons. These executive adjustments bring in highly experienced talent to a key operational role, impacting the company's strategic direction and leadership.